‘Government to work on reducing business costs’
Sikhulekelani Moyo, mskhulekelani16@gmail.com FINANCE Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has acknowledged that the regulatory costs for formal businesses are too high and hinted that the Government…
Iron and steel industry revival to drive economic growth
Patrick Chitumba, Patrick.chitumba@chronicle.co.zw The revival of the country’s iron and steel industry will drive economic growth, create jobs and enhance regional competitiveness, Industry and Commerce Minister, Nqobizitha Ndlovu, has said. …
Tsingshan Group has confidence in Zimbabwe as safe investment destination
Patrick Chitumba, Patrick.chitumba@chronicle.co.zw CHINA-BASED Tsingshan Holding Group has reaffirmed its confidence in investing in Zimbabwe, citing the country’s secure and attractive potential. The group recently established the Dinson Iron and…
Afreximbank, Mutapa Investment Fund unite to boost Vision 2030
Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zw THE African Export-Import Bank (Afreximbank) and Mutapa Investment Fund (MIF) have signed a Joint Project Preparation Framework to unlock investments in energy, logistics, agro-processing, minerals and industry…
PPC Zim to accelerate
Oliver Kazunga-Senior Business Reporter PRETORIA Portland Cement (PPC) Zimbabwe will accelerate the construction of two solar power plants with a combined capacity of 30 megawatts (MW) in Colleen Bawn and…
Edgars stays optimistic despite revenue decline
Business Reporter Edgars Stores Limited’s revenue for the third quarter to October 8 2024 declined by 6,81 percent following a 22,5 percent volume decline during the same period. Volume fell…
Counterfeits, smuggling retarding economic growth
Business Reporter Zimbabwe’s economic recovery is being hampered by the twin evils of counterfeit products and rampant smuggling, according to Government officials and industry leaders. Permanent Secretary in the Ministry…
Nigeria to probe collapse of over 100 airlines in 40yrs
Nigeria’s Vice President, Kashim Shettima, has lamented the decline of the nation’s aviation sector, citing the loss of over 100 aircraft in 40 years. This disclosure was made during the…
Gold price falls as traders weigh mixed US data
Gold edged lower last week after mixed US data, with investors focusing on the Federal Reserve’s final policy meeting of the year this week. Bullion traded near US$2 670 an…
Coffee prices climb to near 50-year highs
A record-breaking rally for coffee prices shows no sign of slowing down, analysts say, with some warning it could take years for one of the world’s most traded commodities to…